ET. LALOUX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
ET. LALOUX
NACE 23.700, Cutting, shaping and finishing of stone
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€145,217
2024 · €106,283+€38,935
Equity
€913,800
2024 · €890,171+€23,628
Cash
€412,428
2024 · €408,220+€4,208
Balance sheet total
€1.0m
2024 · €1.3m-€298,159
Largest movements
Assets
- Current investments -€275,500
down €275,500 (-34.4%), from €800,000 to €524,500
Equity and liabilities
- Other debts -€297,437
down €297,437 (-98.6%), from €301,544 to €4,106
- Advances received -€33,024
down €33,024 (-23.5%), from €140,623 to €107,599
- Reserves +€23,628
up €23,628 (+2.9%), from €828,171 to €851,800
of which Distributable reserves: +€23,628
Income statement
- Gross operating margin +€69,613
up €69,613 (+51.5%), from €135,195 to €204,808
- Taxes +€26,736
up €26,736 (+76.8%), from €34,812 to €61,549
- Financial income -€2,670
down €2,670 (-8.5%), from €31,420 to €28,750
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€106,283
Gross operating margin
+€69,613
Depreciation
+€324
Other operating charges
-€0
Financial income
-€2,670
Financial charges
-€1,595
Taxes
-€26,736
Result 2025
€145,217
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€144,601
Investment
+€270,398
Financing
-€121,589
Cash 2024
€408,220
From operations (derived)
-€144,601
Net result for the year
+€145,217
Depreciation
+€17,878
Stocks and contracts
+€12,037
Receivables within one year
+€2,319
Smaller working-capital items
-€628
Tax, wage and social debts
+€9,038
Advances received
-€33,024
Other debts
-€297,437
Investment (derived)
+€270,398
Investment in fixed assets (net)
-€5,102
Current investments
+€275,500
Financing
-€121,589
Contributions, distributions and other
-€121,589
Cash 2025
€412,428
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,345,386 | €1,047,227 | -€298,159 | -22.2% |
| Fixed assets | 21/28 | €37,802 | €25,026 | -€12,776 | -33.8% |
| Tangible fixed assets | 22/27 | €37,630 | €24,854 | -€12,776 | -34.0% |
| Land and buildings | 22 | €19,416 | €20,094 | +€678 | +3.5% |
| Plant, machinery and equipment | 23 | €1,930 | €3,264 | +€1,334 | +69.1% |
| Furniture and vehicles | 24 | €16,284 | €1,496 | -€14,787 | -90.8% |
| Financial fixed assets | 28 | €172 | €172 | = | 0.0% |
| Current assets | 29/58 | €1,307,584 | €1,022,201 | -€285,384 | -21.8% |
| Stocks and contracts in progress | 3 | €64,264 | €52,227 | -€12,037 | -18.7% |
| Stocks | 30/36 | €54,153 | €37,887 | -€16,266 | -30.0% |
| Contracts in progress | 37 | €10,111 | €14,340 | +€4,229 | +41.8% |
| Amounts receivable within one year | 40/41 | €31,059 | €28,741 | -€2,319 | -7.5% |
| Trade receivables | 40 | €16,506 | €23,696 | +€7,189 | +43.6% |
| Other amounts receivable | 41 | €14,553 | €5,045 | -€9,508 | -65.3% |
| Current investments | 50/53 | €800,000 | €524,500 | -€275,500 | -34.4% |
| Cash at bank and in hand | 54/58 | €408,220 | €412,428 | +€4,208 | +1.0% |
| Deferred charges and accrued income | 490/1 | €4,041 | €4,305 | +€264 | +6.5% |
| Total equity and liabilities | 10/49 | €1,345,386 | €1,047,227 | -€298,159 | -22.2% |
| Equity | 10/15 | €890,171 | €913,800 | +€23,628 | +2.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €828,171 | €851,800 | +€23,628 | +2.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €821,971 | €845,600 | +€23,628 | +2.9% |
| Amounts payable | 17/49 | €455,215 | €133,427 | -€321,788 | -70.7% |
| Amounts payable within one year | 42/48 | €455,130 | €133,333 | -€321,797 | -70.7% |
| Trade debts | 44 | €7,478 | €7,104 | -€374 | -5.0% |
| Suppliers | 440/4 | €7,478 | €7,104 | -€374 | -5.0% |
| Advances received on contracts in progress | 46 | €140,623 | €107,599 | -€33,024 | -23.5% |
| Taxes, remuneration and social security | 45 | €5,486 | €14,524 | +€9,038 | +165% |
| Taxes | 450/3 | €5,486 | €11,269 | +€5,783 | +105% |
| Remuneration and social security | 454/9 | - | €3,255 | +€3,255 | |
| Other amounts payable | 47/48 | €301,544 | €4,106 | -€297,437 | -98.6% |
| Accrued charges and deferred income | 492/3 | €84 | €94 | +€10 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,202 | €17,878 | -€324 | -1.8% |
| Other operating charges | 640/8 | €8,588 | €8,589 | +€0 | 0.0% |
| Gross operating margin | 9900 | €135,195 | €204,808 | +€69,613 | +51.5% |
| Operating profit (loss) | 9901 | €108,405 | €178,341 | +€69,937 | +64.5% |
| Financial income | 75/76B | €31,420 | €28,750 | -€2,670 | -8.5% |
| Recurring financial income | 75 | €31,420 | €28,750 | -€2,670 | -8.5% |
| Financial charges | 65/66B | -€1,270 | €325 | +€1,595 | |
| Recurring financial charges | 65 | -€1,270 | €325 | +€1,595 | |
| Profit (loss) for the period before taxes | 9903 | €141,095 | €206,766 | +€65,671 | +46.5% |
| Income taxes | 67/77 | €34,812 | €61,549 | +€26,736 | +76.8% |
| Profit (loss) for the period | 9904 | €106,283 | €145,217 | +€38,935 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,283 | €145,217 | +€38,935 | +36.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.